With low MCT rates and dealer discounts, it's a great time to buy a new car.  But how can you make sure that you're getting the most for your money?

Usually, there will be a choice between a low rate and a rebate when you visit an auto dealer.  Do the math--shop around for a rate, and be aware of all of the limitations.  The lowest rates often come with requirements for short loan terms that can drive your monthly payment up quickly. 

Don't get pulled in by 0% dealer financing.  Instead, choose the rebate, finance with MCT, and you'll save more than $500 over the life of the loan!

Here's an example:

MSRP: $22,000

$2,750 rebate or 0% APR financing for 60 months

 

 

	Dealer Financing	MCT Financing
Price	$22,000	$22,000
Down Payment	$0	$2,750 (using dealer rebate)
Amount Financed	$22,000	$19,250
Term	60 months	60 months
Rate	0.0% APR	4.40% APR*
Monthly Payment	$367	$356